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Nordstrom has moved into Phipps and the results are beginning to churn.  First, traffic at Phipps is up.  More people are spending more money.  This has put pressure in other stores and Nieman Marcus is among those really feeling the pressure.
Though they have wanted to expand their Lenox location for a couple of years, the pressure has really mounted recently.  They will be moving about 100 or so feet into the corridor where shops such as the Sharper Image once had their spaces.  This is forcing those long time tenants to seek a new shingle.
Sharper Image and the Metropolitan Museum of Art store are, ironically, moving to Phipps as a result. Other stores are relocating in Lenox, but one important element is leaving Buckhead altogether.
Brasserie Le Cose has been part of the Lenox Square environment for over 10 years, but will now move to more urban space near the Aquarium. 
This is just another indicator that downtown has some potential.  The question is whether it will be met!  Ruth’s Chris and Icon both are options for attraction visitors as is McCormick and Schmick.  The Brasserie starts to widen the options even more.  Now, other arts and culture attractions need to fill in the space as well as some more night life.  Then downtown might really be swinging. All because Nordstrom went into Phipps.

This entry was posted on Tuesday, January 24th, 2006 at 1:51 pm and is filed under Venues and Events. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.